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Renewables: Shell Is Buying Clean-Tech Companies. What's Going On?

"Royal Dutch Shell PLC, one of the world's largest oil companies, gave fresh signals last week that it intends to be a purveyor of low-carbon electricity. It bought a battery company that will compete with Tesla Inc. and struck a partnership with Google to test an exotic wind generator.

The news came shortly after Shell acquired Greenlots, a California startup that builds software to network fueling stations for electric vehicles.

Together, the moves place Shell in the clique of petroleum companies that are putting serious money into low-carbon electricity, even if they are small investments by the standards of a global oil giant."

David Ferris reports for EnergyWire February 19, 2019.

Source: EnergyWire, 02/20/2019